Seattle Council OKs Lower $50M Annual Head Tax On Big Biz

Law360 (May 14, 2018, 9:36 PM EDT) -- After weeks of controversy during which online retail giant Amazon paused the planning of construction on a major city project, the Seattle City Council voted Monday to approve a scaled-down, nearly $50 million annual head tax on large corporations.

The city council's 9-0 vote, which followed a weekend of last-minute changes intended to gain support from Democratic Mayor Jenny Durkan, affirms a plan that aims at generating more money to address homelessness and housing affordability in the Pacific Northwest city. It would take effect in 2019...
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